Analysts expect California Water Service Group Holding (NYSE:CWT) to post $0.67 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for California Water Service Group Holding’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.66. California Water Service Group Holding posted earnings per share of $0.48 during the same quarter last year, which would indicate a positive year-over-year growth rate of 39.6%. The company is scheduled to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that California Water Service Group Holding will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.39. For the next financial year, analysts forecast that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.32 to $1.47. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover California Water Service Group Holding.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The company had revenue of $171.10 million for the quarter, compared to analyst estimates of $162.23 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year.

CWT has been the topic of several analyst reports. Zacks Investment Research downgraded California Water Service Group Holding from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. BidaskClub upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Finally, Gabelli downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.40.

California Water Service Group Holding (CWT) traded down 0.65% during mid-day trading on Tuesday, hitting $38.35. The company had a trading volume of 71,015 shares. California Water Service Group Holding has a 52 week low of $29.25 and a 52 week high of $39.65. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 31.96 and a beta of 0.69. The firm’s 50 day moving average is $37.86 and its 200 day moving average is $36.06.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. California Water Service Group Holding’s payout ratio is 60.00%.

In other news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $35.90, for a total value of $35,900.00. Following the sale, the vice president now directly owns 13,574 shares of the company’s stock, valued at $487,306.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of California Water Service Group Holding during the second quarter valued at about $382,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of California Water Service Group Holding by 33.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,929 shares of the utilities provider’s stock valued at $292,000 after buying an additional 1,993 shares during the period. State Street Corp boosted its stake in shares of California Water Service Group Holding by 4.7% in the second quarter. State Street Corp now owns 1,272,477 shares of the utilities provider’s stock valued at $46,820,000 after buying an additional 57,115 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of California Water Service Group Holding by 2.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 20,832 shares of the utilities provider’s stock valued at $765,000 after buying an additional 400 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in shares of California Water Service Group Holding by 60.8% in the second quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock valued at $205,000 after buying an additional 2,108 shares during the period. 68.25% of the stock is currently owned by hedge funds and other institutional investors.

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California Water Service Group Holding Company Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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